Technology

The foreclosure inventory as of November 2013 is made up of 812,000 homes.

Fannie Mae/Freddie Mac and Ginnie Mae investment vehicles averaged returns of about -1% to -3% over the course of the year when Federal Reserve policy and long-term rate trends changed.

Rising house prices are making it easier for second-lien borrowers to refinance.

Through December, 31% of residential properties in the foreclosure process now have some equity.

Competition is likely to heat up given that companies show more optimism about their individual production than that of the market as a whole, a Mortgage Bankers Association survey shows.

The Mortgage Industry Advisory Corp. has named MDS principal Kent Loehrke a managing director as a result of the acquisition.

In December inventory shortages continued to drive down home sales an additional 3.5% on a year-over-year basis, says the Seattle-based online broker.

While there are some home sellers who are willing to accept the Internet currency for their property, the inherent volatility makes it difficult in a financed transaction.

A mortgage bank provided an undisclosed amount of seed money for the automation that links lenders, buyers and real estate agents.

Ability to repay should not have an effect on activity going forward although the qualified mortgage rule will.